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Author Topic: Setting up a Bitcoin ATM in Canada -- what steps to take?  (Read 869 times)
Biaxalflip (OP)
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April 11, 2014, 12:32:49 AM
 #1

So I'm sitting on a pool of money and I'm considering investing into a Bitcoin ATM. I know Bitcoins are largely unregulated here in Canada so legalities seem to be a grey area at the moment. If I'm about to go about this, what are some crucial 'need to knows' about how to get this thing off the ground? Obviously I will need to refill this thing with cash, I will have to charge an exchange fee, have someone stationed by my ATM in order to educate new users who are interested in acquiring Bitcoins, etc.

If anyone has any advice on how I should go about this, please reply. I really believe this is the year of the Bitcoin and getting into it now seems like a no brainer.

Thanks guys!
zolace
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April 11, 2014, 08:22:07 PM
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First you should contact where you are going to setup and find out any laws that you need to abide by, then contact the manufactor of the atm, you are going to buy from.

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casinocoin
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April 11, 2014, 08:59:05 PM
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Google helped me;
http://www.reddit.com/r/Bitcoin/comments/1z4kud/i_want_to_buy_and_set_up_a_bitcoin_atm_what_do_i/
hamza171
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April 11, 2014, 10:42:09 PM
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are you the onw,er of crypto-kiosk ?
casinocoin
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April 12, 2014, 02:33:15 AM
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are you the onw,er of crypto-kiosk ?
Me no, OP maybe please let me know if you do I will create you a template and help you move them away from the wix free website host.
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April 12, 2014, 05:47:13 AM
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So I'm sitting on a pool of money and I'm considering investing into a Bitcoin ATM. I know Bitcoins are largely unregulated here in Canada so legalities seem to be a grey area at the moment. If I'm about to go about this, what are some crucial 'need to knows' about how to get this thing off the ground? Obviously I will need to refill this thing with cash, I will have to charge an exchange fee, have someone stationed by my ATM in order to educate new users who are interested in acquiring Bitcoins, etc.

If anyone has any advice on how I should go about this, please reply. I really believe this is the year of the Bitcoin and getting into it now seems like a no brainer.

Thanks guys!
We might be able to help depending upon where in Canada you are located. There are always places looking to hold novel things like Bitcoin ATMs--what you need to do to operate it will depend upon which model you buy, for which there are several options within our country right now.

We work hard to promote Bitcoin adoption and the decentralization of society. You can support our efforts by donating BTC to 35wDNxFhDB6Ss8fgijUUpn2Yx6sggDgGqS
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